Lankem Developments PLC is an investment holding company that makes advised investments across leisure, the plantation sector and hydro power projects, with a primary operating focus in Sri Lanka.
LDEV shares are down 43.8% over the past year and last closed at Rs 16.30 on Sep 30, 2026.
Rs 16.30
-4.12%
Price history
-43.79%
Monthly seasonality
Monthly total returns by year and calendar month
Year
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
2026
+0.0
-10.0
-13.5
+9.5
+0.5
-4.1
-4.8
+0.0
-6.1
+0.0
+0.0
+0.0
2025
+19.0
-15.5
-6.4
+13.6
+21.9
-3.3
+4.2
+5.7
+11.1
-8.6
-7.5
-6.1
2024
+2.2
-15.8
+9.0
+1.8
-1.7
-5.3
-0.6
-2.5
+6.5
+31.5
-13.8
+7.0
2023
+4.5
-5.5
-17.5
-0.8
-3.2
-4.9
+20.2
+0.4
-12.8
-16.3
-7.3
-5.3
2022
+52.4
-25.0
-40.3
-30.2
+63.3
+2.0
+100.0
+198.0
+22.5
-7.9
-6.8
+0.0
2021
-6.4
-15.9
-10.8
-3.0
+15.6
+10.8
+22.0
+0.0
-2.0
+10.2
+14.8
+1.6
2020
-11.4
-9.7
-46.4
+0.0
+0.0
+3.7
+39.3
+0.0
+43.6
-8.9
-5.9
-2.1
2019
+2.4
-9.3
-10.3
-8.6
-6.3
-3.3
+24.1
+0.0
-8.3
+12.1
-2.7
-2.8
2018
-8.3
+18.2
-3.8
+1.3
-15.8
-17.2
+1.9
-7.4
-12.0
+9.1
-12.5
+0.0
2017
-10.3
-17.1
-10.3
+15.4
+10.0
-9.1
+0.0
+50.0
+148.9
+25.0
-19.3
-36.3
2016
-1.9
-18.9
-7.0
+27.5
-3.9
-8.2
+6.7
-4.2
+0.0
-8.7
-9.5
+2.6
2015
+2.7
-9.3
-11.8
+8.3
+0.0
-3.1
-1.6
+3.2
-4.7
+6.6
-12.3
-5.3
2014
+0.0
-5.9
-6.2
+13.3
-5.9
+22.9
+6.8
+27.0
+0.0
-5.0
-7.9
+4.3
2013
-9.2
-15.9
-3.4
+21.4
+7.4
-12.3
-10.9
-26.3
+35.7
+3.5
-15.3
+2.0
2012
+0.0
+0.0
+0.0
-9.6
-36.2
+26.7
-9.2
+2.9
+14.1
-2.5
-17.7
+16.9
Average
+2.6
-11.1
-12.8
+4.3
+3.3
-0.3
+13.2
+16.4
+15.8
+2.9
-8.8
-1.7
ASPI average
+3.1
-2.7
-4.7
+2.0
+0.2
+0.8
+3.1
+2.2
+3.2
-0.1
+1.0
+3.0
Median
+0.0
-12.8
-10.3
+5.1
-0.9
-3.3
+4.2
+0.0
+0.0
+0.5
-8.7
+0.0
% up
43%
7%
7%
64%
43%
33%
60%
47%
47%
50%
7%
43%
P/E
60.7
P/B
1.11
EPS
Rs 0.27
Div Yield
3.68%
Market Cap
Rs 2.6B
Beta
0.65
ROE
7.5%
Op Margin
6.4% (+0.7pp)
Fundamentals
Line
FY2026
FY2025
FY2024
FY2023
FY2022
FY2021
FY2020
FY2019
Revenue
Rs 7.4B
+2.1%
Rs 7.3B
+1.0%
Rs 7.2B
-15.8%
Rs 8.6B
+89.0%
Rs 4.5B
+4.7%
Rs 4.3B
+34.6%
Rs 3.2B
-21.2%
Rs 4.1B
-13.7%
Operating profit
Rs 504.1M
-56.5%
Rs 1.2B
+23.1%
Rs 941.8M
-64.4%
Rs 2.6B
+768.9%
Rs 304.6M
-28.6%
Rs 426.6M
-
Rs 224.5M
-70.5%
Net profit
Rs 325.6M
-55.4%
Rs 730.7M
+82.1%
Rs 401.2M
-76.1%
Rs 1.7B
+4,771.0%
Rs 34.5M
-84.5%
Rs 222.9M
turned profitable
Rs -1.2B
loss widened
Rs -60.3M
fell into loss
EPS
1.08
-63.9%
2.99
+96.7%
1.52
-83.6%
9.28
+9,180.0%
0.10
-91.2%
1.14
-6.42
-0.36
Compared with the same period a year earlier.
Per-share figures are as reported, not adjusted for splits.
Lankem Developments PLC is an investment holding company that makes advised investments across leisure, the plantation sector and hydro power projects, with a primary operating focus in Sri Lanka. The Group concentrates its activities on two core businesses: tea (plantation and processing) and renewable energy (hydro power), which together form the principal operating pillars of the business.
The Tea segment comprises estate management, cultivation, replanting programmes, processing and value‑added tea operations for domestic and export markets; the company operates through plantation businesses and named subsidiaries including Agarapatana Plantations PLC.
The Hydro Power segment owns and operates renewable generation assets, focusing on hydropower generation, asset optimisation, operations and maintenance, and exploring further opportunities in Sri Lanka’s renewable energy transition.
Agarapatana Plantations PLC will seek shareholder approval to redeploy Rs.643.2m of unutilised IPO proceeds toward mechanisation and renewable energy and to extend the utilisation deadline to 30 Sep 2028. Only Rs.29.4m of the Rs.672.6m for factory modernisation was used; the revised plan adds Rs.88m for renewable energy and has a Rs.6.5m shortfall to be met from internal funds.
Colombo Stock Exchange closed higher as the ASPI rose 1.30% to 20,619 with turnover of Rs 6.21bn, led by gains in banks and capital goods. Key risers included Commercial Bank, Sampath Bank, HNB, Aitken Spence, DFCC and active trading in Sierra Cables.
Colombo stock market closed the week lower: the ASPI fell 0.4% to 19,827 and the S&P SL20 lost 1.2%, with yesterday's turnover at Rs.3.26 billion. Diversified Financials led turnover (23%) driven by Galle Face Capital Partners; John Keells, Hemas, Prime Lands and Lankem were also top contributors.
Ada Derana·Jul 1, 2025·Award or certificationPositive
Agarapatana Plantations' Diyagama West Estate produces over one million kilograms of made tea annually and is modernizing its factory into Sri Lanka's first fully automated upcountry Rotorvane unit. The estate, a Lankem Developments subsidiary, also runs a historic hydro power unit, holds sustainability certifications and supplies Dimbula teas to export markets.
ASPI rose 84.3 points (+0.5%) to 15,926 on low turnover of about Rs.1.7bn while foreigners were net sellers of Rs.35.1m; gains were led by counters including CINS, MELS, COMB and SPEN, with Food, Beverage & Tobacco and Banking driving activity.
Colombo stock market opened higher as the ASPI rose 0.41% (up 65 pts) to 15,917; turnover was about Rs.2.0bn while foreigners were net sellers with a Rs.262.5mn outflow. Market momentum was driven by blue-chips and mid-caps, with notable activity in capital goods and food & beverage names.
The CSE opened May on a mixed note as turnover hit a new high of Rs. 6 billion while the ASPI rose 52 points to 15,852; crossings in CT Holdings and Cargills dominated activity, together accounting for the bulk of turnover. Banking and food retail stocks, including Pan Asia Banking and Lankem, were also among top contributors.
ASPI rose 51.80 points (0.33%) to 15,851.74 as turnover hit Rs. 5.9bn, driven by Rs. 2bn crossings in C T Holdings and Cargills. Pan Asia Banking, C T Holdings, DFCC, Melstacorp and Nations Trust were top contributors while John Keells, HNB, Commercial Bank, NDB and Access Engineering weighed on the index.
Lankem Developments PLC's Rs. 600 million rights issue was oversubscribed, receiving Rs. 725.5 million in subscriptions. Funds will be used to settle related-party dues, invest in subsidiaries and for working capital; shares closed at Rs. 18.80, up 6.2%.
Plantations & Agriculture sector: what is happening
Last 14 days to Sep 30, 2026
Heavy August rain and cloud cover cut High Grown tea output to a 34-year monthly low, pulling national production below a year earlier. Tea exports weakened as August merchandise tea exports fell, while eight-month shipments and US dollar earnings declined amid higher freight and insurance costs and a lower average FOB. Sector bodies also pressed for productivity, mechanisation and value addition.